This highlights a gap between Singapore’s ambitions as an AI hub and its ability to convert investment into results. Singapore hosts major cloud and data centre investments from global technology firms, including Amazon Web Services, Google, Microsoft and Meta Platforms. However, Forrester’s outlook suggests infrastructure alone is not enough to drive returns.
Singapore’s technology spending is set to grow about 6% this year, but a shortage of AI-ready workers is already capping returns on artificial intelligence (AI) investments, according to Forrester Research.
The figure sits well below the 9.3% regional average that the market research firm projects for Asia Pacific as a whole, and lags India's 13.4%, China's 10.7%, and Australia's 8.6%.
